3% Interest Subsidy to Select Merchant Exports

  • Merchant exporters, who procure goods from manufacturers for exports, are likely to be granted a three per cent interest subsidy on pre and post-shipment rupee export credit.
  • This may be granted for certain sectors such as handicrafts, farm products, processed food and carpets.
  • These exporters are currently not included in the government’s Interest Equalisation Scheme (IES), previously termed as Interest Subvention Scheme.